UK data cut obtained from EY Global Sustainable Value Survey, published November 2022. Mitigate risk and build a reputation to maintain a social . The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. We have positively impacted more than 81 million lives since the launch of EY Ripples in 2018, and we continue to make good progress toward our ambition to positively impact one billion lives by 2030. EY launches new sustainability service to prepare for net zero plans by In 2020 Ernst & Young LLP (EY), achieved global carbon neutrality and we became carbon negative in 2021, but we believe we have a responsibility to go further, faster. EY | Assurance | Consulting | Strategy and Transactions | Tax. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. PDF Annual Report 2021/2022 Delivering sustainable, consistent high-quality audits is a priority for EY and the firm continues to make significant investments. This year alone, weve seen a 24% reduction in our energy consumption in the UK, compared to the FY19 baseline. How digital collaborations can help close the learning poverty gap, EY Corporate Responsibility Governance Council, accelerating environmental sustainability, Winner of the 2023 International CSR Excellence Award for Corporate Citizenship, Finalist for the 2023 SAP Pinnacle Award for Social Impact, Received a Platinum Catalyst Business Commitment badge in 2023, Winner of the 2022 SAP Pinnacle Award for Social Impact, Winner of Most Impactful Business Partner in the Life Terra Climate Action Awards 20212022, Winner of the 2022 Microsoft USA Inclusion Changemaker Award (for the EY STEM App), Winner of Technology for Good Silver at Global Good Awards in 2022, Winner of We Excel in Sustainability at Chiesi Vendor Day Italy in 2022, Recognized on the MENTOR National Mentoring Honor Roll in 2022, Winner of 2022 Best ESG Strategy Human Resources Online Employee Experience Awards in Hong Kong, Winner of 2022 Champion of Good from Singapore National Volunteer And Philanthropy Centre, Received 2022 Deputy Prime Minister of Economic Affairs Award from Chosun Media in Korea, Winner of Best Social Responsibility Project in Chinas 2021 Employer Branding Creativity Awards, Recipient of the Junior Achievement USA Gold US Presidents Volunteer Service Award for 20212022, Awarded JA Best Volunteer Program 2021 by Junior Achievement Italy, Received a 2021 Social Corporate Contribution Award from Korea Economic Daily, Received a 2021 Social Contribution Award from Chosun Media. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. UK most attractive for financial services investment | EY UK EY helps clients create long-term value for all stakeholders. EY is committed to enhancing trust and confidence in the capital markets and having a positive impact on communities and the planet. For more information about our organization, please visit ey.com. She leverages her background in finance, risk and transformation to support clients to create long-term value. The scale and severity of plastics pollution on marine life, the food chain and ultimately human health is receiving unprecedented attention, with a call to action from international organisations, governments and our own people. Accelerating environmental sustainability, How to broaden access to future-focused skills, Goustos founder is EY Entrepreneur Of The Year 2022 UK overall winner, The CIO Imperative: How emerging tech can accelerate a path to sustainability. Last year,EY became carbon negative, and we are on track to meet our goal of becoming net zero by 2025. remember settings),Performance cookiesto measure the website's performance and improve your experience,Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you,Social media cookies, which allow you to share the content on this website on social media like Facebook and Twitter. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. However, businesses are also recognising that environmental expertise at a leadership level could make the difference to whether their company thrives or flounders in the new green economy. EY remains carbon negative and advances toward net zero in 2025. Review ourcookie policyfor more information. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Creating value beyond the boardroom has become more important than ever for organisations. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. Find out more about our Global Carbon Ambition. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services:Functional cookiesto enhance your experience (e.g. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Our commitment to corporate responsibility. We bring together extraordinary people, like you, to build a better working world. Action is urgently needed to cut carbon emissions and limit average global temperature increases to1.5c above pre-industrial levels, in line with the Paris Agreement. I am proud of the leadership and bold course EY is charting. Were rising to that challenge and helping others to do the same, taking action across our operations to address key environmental challenges, setting bold targets and devising ambitious strategies to reduce our greenhouse gas emissions and wider environmental impacts. Asking the better questions that unlock new answers to the working world's most complex issues. In addition, in FY22, more than 91,000 EY people, from 129 countries, devoted their time and skills on EY Ripples projects, impacting 27 million lives. What does creating long-term value mean? List Sustainability Top 10 Sustainability Consultants By Blaise Hope June 16, 2022 6 mins Bringing top-level advocacy and lasting results across large businesses, these top sustainability consultants help companies drive their ESG goals Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Find out how. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For EY people, it means giving them the experiences, training, skills and support they need to build a career that is unique to them. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. EY helps clients create long-term value for all stakeholders. Partner votes, held over the course of FY23, will determine whether we move forward. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services:Functional cookiesto enhance your experience (e.g. Discover how EY insights and services are helping to reframe the future of your industry. Home Business Environmental Social Governance Global ESG highlights Environmental Deloitte has continued to translate our ambitionto help lead the world's transition to a lower-carbon futureinto meaningful, measurable action. We recognise that its not just our own direct environmental impacts which we can influence. Find out more about ourenvironmental credentials. The new service supports businesses to prepare their net zero plans - ahead of next years deadline set by the government at COP26 - and build longer-term sustainability strategies. EY teams have developed the ESG Maturity Model to help organizations assess their ESG maturity, and to help align and close the gap between financial and nonfinancial performance. We bring together extraordinary people, like you, to build a better working world. 2020 EYGM Limited. To meet stakeholder demands, organizations should broaden the scope of their reporting and seek new ways of communicating strategic performance with both nonfinancial and financial metrics. Similarly, 33% of UK sustainability leaders and 31% globally believe that a lack of climate change expertise at board and senior management level is a top three internal barrier preventing their organisation from prioritising and actioning their Net Zero strategy. Increase the value of sustainability and supply chain strategies, Mitigate risk and build a reputation to maintain a social license to operate and grow, Improve decision-making and increase operational and performance effectiveness to deliver long-term value, Sustainability strategy development, design and implementation support, Stakeholder engagement, prioritization and analysis, Advice on sustainability risks in the value chain, Code of conduct and ethics effectiveness and implementation assessments, Training, development and capacity building, Portfolio sustainability risk and opportunity assessment, Developing and refiningoverarching responsible investing (RI) policies and frameworks, ImplementingRI and ESG processes and controls to support consistent and timely decision-making, Disclosures, data, targets and KPIs relating to ESG and sustainability, Integrated reports, including ESG and economic disclosures, Sustainability, ESG, Task Force on Climate-Related Financial Disclosures (TCFD) or corporate responsibility reports, Adherence to principles as defined by external or internal standards or codes of conduct. remember settings),Performance cookiesto measure the website's performance and improve your experience,Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you,Social media cookies, which allow you to share the content on this website on social media like Facebook and Twitter. Review ourcookie policyfor more information. We have reduced EY carbon emissions globally by 56% from our FY19 baseline, ensuring that we remain on track for our 2025 net-zero target. We recognise that environmentally responsible and sustainable business practice is important to our people, resonates with our clients and adds value to our supply chain. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. remember settings),Performance cookiesto measure the website's performance and improve your experience,Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you,Social media cookies, which allow you to share the content on this website on social media like Facebook and Twitter. At EY, our purpose is building a better working world. We understand the value they create by using their knowledge, skills and experience to fulfil our purpose and create positive long-term sustainable change. But some things will remain the same. Why the gender gap in international trade needs to close faster, How to serve consumers who rely on tech, but dont trust tech, Why wavering consumer confidence could stall the energy transition, Select your location Close country language switcher, Manager, Media Relations, Ernst & Young LLP. formal learning hours undertaken by EY UK people. invested to support businesses in preparing their net zero plans. EY | Assurance | Consulting | Strategy and Transactions | Tax. However, more than half (56%) of sustainability leaders in the UK said that regulatory concerns represented a barrier to establishing these partnerships, compared to just 33% of sustainability leaders globally. In response to this, we are looking for high-performing, innovative and enthusiastic candidates to join our growing team of climate change and sustainability professionals who are building a better working world by helping global organisations to identify, measure, deliver and report on the climate and sustainability issues which are most . If climate change is everybodys business, how can all benefit from green leadership by the few? This has been a record year of growth in the UK, driven by the long-term investments weve made in our business and strong client demand. Our financial ambition is to be the professions long-term growth leader and ensure that we adapt and find new ways to grow. The EY Ripples program and EY teams are earning worldwide recognition from clients and collaborators for the impact theyre making. Thats why EY will be globally net zero in 2025. Sustainability in business | Insights & trends | EY UK Trending Why the gender gap in international trade needs to close faster 16 May 2023 Global trade How to serve consumers who rely on tech, but don't trust tech 16 May 2023 Consumer products and retail Why wavering consumer confidence could stall the energy transition 24 Apr 2023 CEO agenda The UK continues to be Europe's most attractive location for foreign direct investment (FDI) into financial services, according to EY's latest Attractiveness Survey for Financial Services. How do you move long-term value creation from ambition to action? The world needs urgent action to address the climate emergency. At the same time, across the global EY organization, we continue to challenge ourselves to embed responsibility, inclusiveness and sustainability more deeply in everything we do. Organizations are increasingly prioritizing their ESG and sustainability responsibilities. 2020 EYGM Limited. EY UK 2022 Impact Report. In the UK, 25% of sustainability leaders were found to be extremely confident and 53% very confident that they will achieve their targets. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Why the gender gap in international trade needs to close faster, How to serve consumers who rely on tech, but dont trust tech, Why wavering consumer confidence could stall the energy transition, Select your location Close country language switcher. In December 2020, EY announced a 10-year zero carbon Power Purchase Agreement (PPA) in the UK. Anja Vanhatalo EY Sweden internal sustainability lead 4Sustainability report 2021 Who we are . Sustainability leaders at some of the UKs largest companies have warned that the scarcity of climate change talent at both operations and board level will be one of the largest barriers to achieving their Net Zero targets, according to new research from EY. Discover how EY insights and services are helping to reframe the future of your industry. UK auto industry recovery continues but challenges persist - EY Environmental, social and governance (ESG) risks and opportunities have moved to the top of the agenda for many organizations. Read the press release. Review ourcookie policyfor more information. How do you move long-term value creation from ambition to action? The energy and commitment of EY people has led to our highest reported growth in almost two decades, with EY now a US$45.4 billion organization, growing at 16.4% in local currency. Were investing in solutions to help businesses decarbonise and meet environmental, social, and corporate governance requirements. Over the next four years we also plan to double the size of ourConsultingpractice, to meet increasing demand from our clients implementing large-scale transformation programmes. Today 82% of EY people agree their experience is exceptional. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. remember settings),Performance cookiesto measure the website's performance and improve your experience,Advertising/Targeting cookies, which are set by third parties with whom we execute advertising campaigns and allow us to provide you with advertisements relevant to you,Social media cookies, which allow you to share the content on this website on social media like Facebook and Twitter. Our planet data 2021* 2020* 2019* 2018 # 2017 # 2010 It would mean more choice for clients for both audit and transformation services, and an even stronger focus on ESG priorities, as well as more opportunities to develop new corporate responsibility programs such as co-investments in green projects so that we can make an even bigger impact in our communities. I am pleased that EY continues to be a participant in the UNGC, and in this report I reaffirm our commitment toward its Ten Principles. How unified reporting standards will move the needle on sustainability. Meanwhile, the research found that the majority of respondents are already taking action in an attempt to address this skills deficit. EY | Assurance | Consulting | Strategy and Transactions | Tax. Delivered almost 700,000 hours of formal learning equivalent to 40 hours per person. In FY22, we spent more than US$300 million on training and delivered more than 59 hours of training per person. GREEN QUADRANT: ESG AND SUSTAINABILITY CONSULTING 2022 COPYRIGHT VERDANTIX LTD 2007-2022. Pursuant to section 99a of the Danish Financial Statements Act, the 2021/22 sustainability report is available on Through the EY Ripples program, EY people are devoting their time to SDG-focused projects, bringing together the combined skills, knowledge and experience of the global EY network in pursuit of one shared vision: to positively impact one billion lives by 2030. Khadija Ali - EY UK Climate Change and Sustainability Leader, Financial In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services:Functional cookiesto enhance your experience (e.g. 2022 Target: 0% Total carbon emissions (Scope 1, 2 & 3) Energy consumption Renewable energy Carbon emissions from business travel per FTE Going circular 0% 2022 Target: 0% Total waste generated Paper consumption Recycling and reuse Waste to landfill All 2022 targets are against our 2007 baseline. ESG and sustainability | EY UK How do you move long-term value creation from ambition to action? Experienced communications and media relations professional. We are proud of the steps we have taken so far, but the sustainability transformation has just begun. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. At EY, our purpose is building a better working world. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. We have seen real progress in Board leadership and understanding when it comes to sustainability, and businesses with environmental expertise at senior levels will be well positioned to identify climate risks and opportunities and manage their organisations own complex green transitions. PDF KPMG LLP UK Planet and Community Impact Report 2021 But our carbon ambition drove us to seek new opportunities to create long-term sustainable value for our communities and planet. EY people extend their professional services skills and experience to help these enterprises achieve true scale and significance. Review ourcookie policyfor more information. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. EY UK Chair and UK&I Managing Partner, Ernst & Young LLP. It is our privilege and aim to create an environment that empowers and enriches our people, helping them to grow and add value, at every stage of their career. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Sustainability report cf. Find out how we're responding via ourplastics reduction strategy. At EY, we measure success by the value we create for EY people, clients and society alongside financial performance. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. "The UK car industry continued its upward trend in May 2023 with just over 145,000 new registrations, a 16.7% year-on-year increase, marking ten consecutive months of growth. Stay up to date with our Editors picks newsletter. The publications highlight how consumer-centric, fast-paced innovation, digitalization and a focus on sustainability contribute to long-term value creation. Were committed to building a better working world that embraces sustainable growth, recognising our obligation to our people and the communities in which we operate to minimise our environmental impact. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. We are also setting the bar as a workplace of the future, creating purpose-built hybrid workspaces in 2022 across the country known as Living Labs boosting collaboration and innovation. Why the gender gap in international trade needs to close faster, How to serve consumers who rely on tech, but dont trust tech, Why wavering consumer confidence could stall the energy transition, Select your location Close country language switcher. EY is a global leader in assurance, consulting, strategy and transactions, and tax services. All Rights Reserved. EY surveyed more than 2,000 UK consumers in October to understand their attitudes and behaviours towards sustainable products and services and the companies that provide them. EY teams can support clients as they seek to integrate ESG and sustainability into business strategy, and improve and communicate their ESG and sustainability performance to stakeholders. Only 8% of UK leaders expressed a lack of confidence in achieving their goals, suggesting that if internal and external barriers were to be urgently addressed, UK businesses could be on track to reaching their targets. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. For clients we create long-term value by building trust and transparency in business and the capital markets, and helping them to grow, optimize and protect value. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. We recommended taking this bold step because we believe this is the way we can better serve EY people, clients, and broader stakeholders in a once-in-a-generation opportunity to redefine the future of professional services. Welcome to EY UK (EN) You are visiting EY UK (EN) . Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. Backed by a further 100m investment, we launchedEY Carbon, which is expected to recruit 1,300 people in three years, to support our clients with the green transition. They appreciate that paying attention to the longer term, stakeholder perceptions, and the social and environmental consequences of their operations can be good for business as well as the planet. For more information about our organization, please visit ey.com. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. When asked to name the biggest obstacles to achieving Net Zero carbon emissions by 2050, more than a third (35%) of UK sustainability leaders and 28% of global leadersbelieve that a difficulty in hiring talent with climate change skills is one of their biggest external barriers. Reduce motion You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services:Functional cookiesto enhance your experience (e.g. And so, this years report is dedicated to them. How do you move long-term value creation from ambition to action? The firm also signed the Menopause Workplace Pledge and sponsored the worlds only Menopause festival this year , 110m bonuses paid to EY people (excluding Partners), 10% growth in Strategy and Transactions revenues. EY | Assurance | Consulting | Strategy and Transactions | Tax. opportunities created for EY people to support our clients by doubling our Consulting practice over the next four years. At EY, our purpose is building a better working world. We work closely with oursupply partnersto ensure we engage environmentally responsible companies that collaborate and drive innovation, and we understand the value ofengaging our peopleto raise awareness of sustainability issues. EY UK Impact Report 2022 | How can today's leadership redefine tomorrow's? For more information about our organization, please visit ey.com. Review ourcookie policyfor more information. Business leaders need to demonstrate how they lead with purpose and deliver credible social impact as well as creating value for their stakeholders. Nearly half of respondents struggle to measure progress.. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. We have an exciting future ahead. Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, How blockchain helped a gaming platform become a game changer, M&A strategy helped a leading Nordic SaaS business grow, How to use IoT and data to transform the economics of a sport. We made strategic decisions to continue to invest for the future - in our people, systems, and services - while demonstrating resilience and agility.
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